Investors bought shares of Packaging Corporation of America (NYSE:PKG) on weakness during trading hours on Wednesday after an insider sold shares in the company. $70.40 million flowed into the stock on the tick-up and $19.71 million flowed out of the stock on the tick-down, for a money net flow of $50.69 million into the stock. Of all companies tracked, Packaging Corporation of America had the 16th highest net in-flow for the day. Packaging Corporation of America traded down ($1.67) for the day and closed at $116.60Specifically, VP Thomas A. Hassfurther sold 6,000 shares of Packaging Corporation of America stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $117.94, for a total transaction of $707,640.00. Following the completion of the transaction, the vice president now owns 155,071 shares in the company, valued at approximately $18,289,073.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

PKG has been the subject of several recent analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $128.00 price target on shares of Packaging Corporation of America in a research note on Friday, August 18th. ValuEngine upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BMO Capital Markets restated an “outperform” rating and issued a $122.00 price target (up previously from $118.00) on shares of Packaging Corporation of America in a research note on Tuesday, August 22nd. BidaskClub upgraded Packaging Corporation of America from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded Packaging Corporation of America from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $107.90.

The stock has a market cap of $10.85 billion, a P/E ratio of 22.32 and a beta of 1.86. The stock has a 50 day moving average of $110.84 and a 200-day moving average of $102.99.

Packaging Corporation of America (NYSE:PKG) last posted its quarterly earnings results on Wednesday, July 26th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.05. Packaging Corporation of America had a net margin of 8.05% and a return on equity of 27.78%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the company posted $1.25 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities analysts anticipate that Packaging Corporation of America will post $6.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 15th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.52 dividend on an annualized basis and a yield of 2.18%. Packaging Corporation of America’s dividend payout ratio (DPR) is presently 48.56%.

A number of institutional investors have recently modified their holdings of the business. Southeast Asset Advisors Inc. increased its holdings in Packaging Corporation of America by 0.3% in the second quarter. Southeast Asset Advisors Inc. now owns 4,560 shares of the industrial products company’s stock valued at $508,000 after buying an additional 12 shares in the last quarter. Van ECK Associates Corp increased its holdings in Packaging Corporation of America by 1.5% in the second quarter. Van ECK Associates Corp now owns 2,302 shares of the industrial products company’s stock valued at $256,000 after buying an additional 34 shares in the last quarter. Advisor Partners LLC increased its holdings in Packaging Corporation of America by 1.2% in the second quarter. Advisor Partners LLC now owns 3,170 shares of the industrial products company’s stock valued at $353,000 after buying an additional 39 shares in the last quarter. Somerset Trust Co increased its holdings in Packaging Corporation of America by 0.4% in the second quarter. Somerset Trust Co now owns 12,154 shares of the industrial products company’s stock valued at $1,353,000 after buying an additional 51 shares in the last quarter. Finally, Capital Innovations LLC increased its holdings in Packaging Corporation of America by 1.8% in the first quarter. Capital Innovations LLC now owns 3,479 shares of the industrial products company’s stock valued at $319,000 after buying an additional 60 shares in the last quarter. 88.59% of the stock is owned by institutional investors.

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Packaging Corporation of America Company Profile

Packaging Corporation of America (PCA) is a producer of containerboard products and uncoated freesheet. The Company operates through three segments: Packaging, Paper, and Corporate and Other. The Packaging segment produces a range of corrugated packaging products. The Paper segment manufactures and sells a range of papers, including communication-based papers and pressure sensitive papers.

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